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re: Thoughts on parent's role in funding college

Posted on 9/9/12 at 1:01 pm to
Posted by yellowfin
Coastal Bar
Member since May 2006
98940 posts
Posted on 9/9/12 at 1:01 pm to
quote:

30 year old kids still living with their parents seems to be a trend among the liberal arts crowd, but they could probably do some of the house and yardwork.


That has more to do with the individual than the degree
Posted by BelleTigre11
Member since May 2011
1087 posts
Posted on 9/9/12 at 3:15 pm to
quote:

ours are going to public school


I don't know what public school your kids are going to, but you better make sure they are in a decent one if you expect them to keep up at the college level and *KEEP* their scholarships.
Posted by Willie Stroker
Member since Sep 2008
16623 posts
Posted on 9/9/12 at 5:43 pm to
I have no expectation to fund 100% of it. But I do feel compelled to subsidize it. I've been making monthly contributions toward a 529, but not at a level that will make me sacrifice too much. If they need to take out a loan to finish college, I'll probably offer a matching funds arrangement, where I'll pay $x for every $y they pay.

We should be kind to our kids. They may be choosing who they pay to wipe our asses one day.
Posted by urinetrouble
Member since Oct 2007
20640 posts
Posted on 9/9/12 at 9:25 pm to
In Louisiana, any kid who is worth funding for college should qualify for TOPS.
Posted by hiltacular
NYC
Member since Jan 2011
20203 posts
Posted on 9/9/12 at 9:45 pm to
My parents deal with me was that they would cover all of my costs as long as I kept above a 3.0 gpa, which in GA means you have the Hope Scholarship and free tuition.

I will have the same deal with my kids only it will apply to all schools/circumstances. If they dip below a 3.0, they are on their own.

The idea of a bs degree will never enter the equation bc by the time they are 18, they will essentially be a mini-me and all values I hold they will as well.
Posted by yellowfin
Coastal Bar
Member since May 2006
98940 posts
Posted on 9/10/12 at 7:33 am to
quote:

In Louisiana, any kid who is worth funding for college should qualify for TOPS.


TOPS isn't going to be around when my kids go to college
Posted by Breadcrumbs
Baton Rouge
Member since May 2005
3039 posts
Posted on 9/10/12 at 9:38 am to
quote:

don't know what public school your kids are going to, but you better make sure they are in a decent one if you expect them to keep up at the college level and *KEEP* their scholarships.


I have a 4 month old and live in BTR. I don't have enough money to fully fund a college education, but I do have enough money to send my kid to a private school and put some money into a 529. I am trying to decide whether to move to prairieville or zachary to avoid private tuition and put more money away for college/retirement.

That being said, I believe the kid has a JOB just like his parents, and that JOB is to do HIS BEST to get a scholly for college. If he doesn't get one but did his best, then we'll help him with options.

My JOB as his parent is to prepare him and help him with his JOB. I think that means investing maximally in the best elementary, middle, and high school education that I can afford which probably means private school EBR rather than prairieville/zachary. Secondarily to save as much as I can for college without sacrifice to my retirement well-being.
Posted by BelleTigre11
Member since May 2011
1087 posts
Posted on 9/10/12 at 7:20 pm to
quote:

I think that means investing maximally in the best elementary, middle, and high school education that I can afford which probably means private school EBR rather than prairieville/zachary. Secondarily to save as much as I can for college without sacrifice to my retirement well-being.


Good for you. You will be paid back in when he gets all those scholarships.
Posted by BelleTigre11
Member since May 2011
1087 posts
Posted on 9/10/12 at 7:22 pm to
By the way, if you can afford private school right now, you're going to get a RAISE when he goes to college (unless he goes to a private college/ivy league school). But if he goes to LSU, you will be getting a nice raise.
Posted by Southern Farmer
Greenville, MS
Member since Jul 2012
3070 posts
Posted on 9/10/12 at 8:17 pm to
I will pay all of my children's education.
Posted by peopleschamp
Baton Rouge
Member since Feb 2006
6576 posts
Posted on 9/10/12 at 10:39 pm to
My dad basically told me to pay my own way. He paid for my sisters to go to school. He felt as a boy it was easier for me to figure out ways to pay my way. I found a way. I did a lot of jobs I did not want to do. I love my dad very much to this day.
Posted by GREENHEAD22
Member since Nov 2009
20844 posts
Posted on 9/10/12 at 11:26 pm to
As a student putting myself through school, it is a mother fricker. I will do everything possible to pay for my children college as long as they are making the grades and wise choices.
Posted by NELAtigers
Member since Nov 2010
1279 posts
Posted on 9/11/12 at 1:43 am to
quote:

Thoughts on parent's role in funding college


Daughters get unlimited support for chastity belts, mace, full time protection, etc..... sons go to service academies
This post was edited on 9/11/12 at 1:44 am
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